Question

Brenda earns $1,700 per month after taxes. She is working on her budget and has the first three categories finished.

Answer 1

Answer:

B

Step-by-step explanation:

Answer 2

Answer with explanation:

We will use $\frac{28}{36}$, rule here,which states that , 28% of your gross income should be used for housing finances and 36% of your income , should be used for debt purposes.

Total monthly income of Brenda = $ 1700

→28% of 1700

  $=\frac{28}{100}\times 1700\\\\=28 \times 17\\\\=476$

⇒Total Housing finances, which includes , housing, food and transportation = $ 476

→Option C:

She has allotted more than 36% of her income for housing.